 Orange County Business Journal |
Tennis Great Backs Investor Targeting Distressed Assets
Orange County Business Journal, CA By MARK MUELLER Redwood Real Estate Partners LLC, a Rancho Santa Margarita-based real estate investor run by a brother of tennis great Michael Chang, is launching a new fund that targets distressed properties. Redwood's fund, called the Occasio … |
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Asian Stocks Advance on China Manufacturing, Commodity Prices
Bloomberg Hong Kong real-estate stocks may be active after the Standard newspaper reported Sino Land Co. sold 1600 apartment units. “China has been the only beacon in the intense global economic storm we've found ourselves in,” said Prasad Patkar, … |
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Islamic banks: trouble beneath calm waters?
Reuters "Many of the Islamic banks globally, and especially in the GCC (Gulf Cooperation Council countries), are real-estate oriented so this could be one risk factor." Unlike the United States, which recently put 19 top lenders through "stress tests" to see … |
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REAL ESTATE DEALS
Orange County Business Journal, CA Chris Migliori of Daum Commercial Real Estate Services represented the seller. Paul Gingrich, also of Daum, represented the buyer. square feet at 580 Broadway in Laguna Beach. Laguna Playhouse originally purchased the facility in 1998 for $3.1 million. … |
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KEITH CRAIN: Maybe there is a new tenant for GM building?
Crain’s Detroit Business, MI Another attraction: The person who used to be in charge of real estate for General Motors — Matt Cullen, a wonderful executive — has left GM and now is in charge of nonfinancial activities for Quicken, which you can only assume includes the plans for … |
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The battle for GM's HQ: Good moves or bad policy?
Crain’s Detroit Business, MI The zone also has real estate implications because it sets up an uneven playing field among buildings in Detroit, since rent essentially will be subsidized. On the other hand, it also could be used as an incentive to attract tenants from the suburbs. … |
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Deal made for Pontiac home of film studio
Crain’s Detroit Business, MI Linden Nelson, an entrepreneur turned real estate developer, was ready to move out West, he said. What stopped him was a conversation with Alfred Taubman, founder of Bloomfield Hills-based Taubman Centers Inc. “He said, "you're not leaving Michigan,' … |
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Japan Energy Shares Gain on Oil; Property Falls on Bankruptcy
Bloomberg By Jason Clenfield and Toshiro Hasegawa June 1 (Bloomberg) — Japanese energy shares advanced on higher oil prices, while real estate companies declined after developer Joint Corp. filed for bankruptcy. Inpex Corp., the nation's largest oil explorer, … |
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Nikkei Edges Up, Commodities Rise
Wall Street Journal Orix fell 5% in Tokyo after the company said Friday it may write down its ¥10.7 billion ($113 million) investment in failed real estate business affiliate Joint Corp. Other real estate stocks fell, with Mitsui Fudosan down 3.7%. … |
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Nikkei edges up, buoyed by resources and shippers
Reuters But shares of real estate developers were hit after apartment developer Joint Corp (8874.T) filed for bankruptcy protection with about $1.5 billion in debt, underscoring the sluggish state of the property market. [ID:nT59081] Lingering concern about … |
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